Summary
SO goodbye Sir James Crosby, goodbye to one of those few people who has been at the top of a financial institution, and who was also prepared to take on a role in public service as deputy chairman of the Financial Services Authority.
Is the quality of regulation going to be improved by forcing him out? Unlikely. Are similarly knowledgeable people going to queue up to take his place? Even more unlikely.See the full content of this document
Extract
Crosby's Ousting Makes No Sense
At a time when we desperately need regulators and policymakers who understand the banking system...
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